(Source: Business Wire)

Veraz Networks (Nasdaq: VRAZ), the leading provider of Multimedia
Generation Network (MGN) application, control, and bandwidth
optimization products, today announced that on September 15, 2009, it
received a letter from the Nasdaq Stock Market stating that the minimum
closing bid price of the Veraz's common stock was below $1.00 per share
for 30 consecutive business days and thus not in compliance with Listing
Rule 5450(a) (1). The notification letter has no effect at this time on
the listing of the Veraz's common stock on the Nasdaq Global Market and
Veraz's common stock will continue to trade on the Nasdaq Global Market
under the symbol VRAZ.
The notification letter states that Veraz will be afforded 180 calendar
days, or until March 15, 2010, to regain compliance with the minimum
closing bid price requirement. To regain compliance, the closing bid
price of the Veraz's common stock must meet or exceed $1.00 per share
for at least ten consecutive business days. If Veraz demonstrates an
ability to maintain long term compliance, NASDAQ will provide written
confirmation of compliance and the matter will be closed.
If Veraz does not regain compliance by March 15, 2010, Nasdaq will
provide written notification to Veraz that it's common stock may be
delisted. At that time, Veraz may appeal Nasdaq's delisting
determination to a Nasdaq Listing Qualifications Panel.
Veraz intends to actively monitor the bid price for its common stock
between now and March 15, 2010, and will consider available options to
regain compliance with the Nasdaq minimum closing bid price requirement.
About Veraz Networks
Veraz Networks, Inc. (NASDAQ: VRAZ) is the leading provider of
application, control, and bandwidth optimization products that enable
the evolution to the Multimedia
Generation Network (MGN). Veraz Networks makes it possible for fixed
and mobile service providers to create, manage and transport application
sessions cost-effectively and securely across TDM and IP networks.
Service providers worldwide use the Veraz MGN portfolio to extend their
existing legacy applications to new all-IP based networks, rapidly add
customized services that drive revenue, and lower the cost of session
transport. The Veraz MGN architecture separates the control, media, and
application layers while unifying management of the network, enabling
any application to run over any network while optimizing session control
and transport. Wireline and wireless service providers in more than 60
countries have deployed products from the Veraz MGN portfolio, which
includes the ControlSwitch,
Network-adaptive
Border Controller, I-Gate
4000 Media Gateways, I-Gate
4000 Session Bandwidth Optimizer, I-Gate
4000 SIP Gateway, VerazView
Management System, and a set of prepackaged applications. For more
information please visit www.veraznetworks.com.
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